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    1475 1st Ave New York, NY 10075-2201

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    1475 1st Ave New York, NY 10075-2201


    • Retail residential properties
    • 6,903 SF
    • 0.05 lot acres
    Off-Market
    Last Sale Feb 14, 2025
    $10,000
    Property ID
    US63-5351452
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $2,520,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail residential properties

    Property Details for 1475 1st Ave

    Year built
    1910
    Lot size
    0.05 lot acres
    Property size
    6,903 SF
    Zone code
    C2-8
    Property type
    Retail residential properties
    APN
    01451-0030
    APU
    14510030

    Description

    This exceptional 2,500 square foot restaurant space at 1475 First Avenue presents a rare opportunity for discerning restaurateurs. Located on a highly desirable corner at the intersection of First Avenue and 77th Street in Manhattan's Upper East Side, this single-tenant property boasts an enviable location within a thriving restaurant row. The space features a stylish and impeccably designed interior, including a substantial dining area extending onto 77th Street, a fully built bar, a reception area, a dedicated staff section, and a large, vented kitchen. The significant advantage of this property extends beyond the main floor. A fully built-out basement offers expansive potential. This lower level includes multiple walk-in refrigerators, a prep kitchen, a wine cellar, and an administrative office. The basement's considerable size also presents opportunities for private events or other supplementary functions. The high foot traffic of this triple-prime avenue location ensures significant visibility and accessibility for any establishment. This turnkey restaurant is ready for immediate occupancy, offering a unique chance to establish a successful culinary venture in one of Manhattan's most coveted neighborhoods.


    Value Estimations

    based on Realmo’s proprietary methodology
    • CAP approach

      CAP Return
      Estimation
      6%
      $3,665,000
      6.5%
      $3,385,000
      7%
      $3,145,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.954
    Latitude
    40.771
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $150,843
    $519,187
    $687,361
    $1,206,548
    -
    $1,940,000
    $2,568,400
    $4,508,400
    More about this property
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